Despite a turbulent week for crypto following the demise of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta.
At the time of writing, data from Companies Market Cap shows that Bitcoin’s market cap has reached $471.86 billion, surpassing Metas’ $469 billion.
Companies Market Cap provides real-time market cap monitoring and ranking for cryptocurrencies, public companies, precious metals and exchange-traded funds.
Bitcoin’s market cap compared to other assets. Source: Company market capitalization
Just 24 hours earlier, BTC’s market cap was nearly $37 billion below Meta’s at $433.49 billion.
However, Bitcoin’s market cap has increased by 9.7% over the past 24 hours, taking the cryptocurrency to 11th place among top assets by market cap, just below electric vehicle maker Tesla.
On Feb. 20, Cointelegraph reported that BTC had flipped payments processing giant Visa’s market cap for the third time in history, slightly ahead of the payments company.
Related: Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally
The gap between the two market caps is now more than $20 billion, although it’s still quite a distance from gold, which ranks first with a market cap of $12.59 trillion, followed by Apple in second With a market capitalization of $2.380 trillion.
The price of BTC is up 8.72% in the last 24 hours and stands at $24,441.